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Side-by-side financial comparison of LCI INDUSTRIES (LCII) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $932.7M, roughly 1.3× LCI INDUSTRIES). LCI INDUSTRIES runs the higher net margin — 2.0% vs -35.0%, a 37.0% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -0.7%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -1.8%).
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
LCII vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $932.7M | $1.2B |
| Net Profit | $18.7M | $-431.0M |
| Gross Margin | 22.1% | — |
| Operating Margin | 3.8% | — |
| Net Margin | 2.0% | -35.0% |
| Revenue YoY | 16.1% | -0.7% |
| Net Profit YoY | 95.7% | -962.0% |
| EPS (diluted) | $0.79 | $-12.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $932.7M | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $803.1M | $1.2B | ||
| Q3 24 | $915.5M | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $968.0M | $1.1B |
| Q4 25 | $18.7M | $-431.0M | ||
| Q3 25 | $62.5M | $-2.0M | ||
| Q2 25 | $57.6M | $69.0M | ||
| Q1 25 | $49.4M | $56.0M | ||
| Q4 24 | $9.5M | $50.0M | ||
| Q3 24 | $35.6M | $84.0M | ||
| Q2 24 | $61.2M | $37.0M | ||
| Q1 24 | $36.5M | $47.0M |
| Q4 25 | 22.1% | — | ||
| Q3 25 | 24.4% | — | ||
| Q2 25 | 24.4% | — | ||
| Q1 25 | 24.1% | — | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 25.3% | — | ||
| Q1 24 | 23.1% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 7.3% | — | ||
| Q2 25 | 7.9% | — | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 2.0% | -35.0% | ||
| Q3 25 | 6.0% | -0.2% | ||
| Q2 25 | 5.2% | 6.0% | ||
| Q1 25 | 4.7% | 5.0% | ||
| Q4 24 | 1.2% | 4.0% | ||
| Q3 24 | 3.9% | 6.9% | ||
| Q2 24 | 5.8% | 3.5% | ||
| Q1 24 | 3.8% | 4.2% |
| Q4 25 | $0.79 | $-12.00 | ||
| Q3 25 | $2.55 | $-0.07 | ||
| Q2 25 | $2.29 | $1.77 | ||
| Q1 25 | $1.94 | $1.46 | ||
| Q4 24 | $0.37 | $1.29 | ||
| Q3 24 | $1.39 | $2.12 | ||
| Q2 24 | $2.40 | $0.98 | ||
| Q1 24 | $1.44 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $222.6M | $406.0M |
| Total DebtLower is stronger | $945.2M | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $3.2B | $9.8B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.6M | $406.0M | ||
| Q3 25 | $199.7M | $474.0M | ||
| Q2 25 | $191.9M | $205.0M | ||
| Q1 25 | $231.2M | $196.0M | ||
| Q4 24 | $165.8M | $197.0M | ||
| Q3 24 | $161.2M | $197.0M | ||
| Q2 24 | $130.4M | $206.0M | ||
| Q1 24 | $22.6M | $237.0M |
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $829.7M | — | ||
| Q1 24 | $855.3M | — |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | $3.2B | $9.8B | ||
| Q3 25 | $3.2B | $10.1B | ||
| Q2 25 | $3.2B | $9.9B | ||
| Q1 25 | $3.1B | $9.9B | ||
| Q4 24 | $2.9B | $9.8B | ||
| Q3 24 | $3.0B | $9.7B | ||
| Q2 24 | $3.0B | $9.6B | ||
| Q1 24 | $3.0B | $9.9B |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $78.9M | $6.0M |
| Free Cash FlowOCF − Capex | $64.3M | $-6.0M |
| FCF MarginFCF / Revenue | 6.9% | -0.5% |
| Capex IntensityCapex / Revenue | 1.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 4.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $278.3M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $6.0M | ||
| Q3 25 | $97.2M | $62.0M | ||
| Q2 25 | $112.2M | $-48.0M | ||
| Q1 25 | $42.7M | $8.0M | ||
| Q4 24 | $106.6M | $100.0M | ||
| Q3 24 | $78.4M | $72.0M | ||
| Q2 24 | $192.9M | $30.0M | ||
| Q1 24 | $-7.7M | $3.0M |
| Q4 25 | $64.3M | $-6.0M | ||
| Q3 25 | $80.9M | $51.0M | ||
| Q2 25 | $99.5M | $-68.0M | ||
| Q1 25 | $33.7M | $-6.0M | ||
| Q4 24 | $95.7M | $86.0M | ||
| Q3 24 | $68.3M | $58.0M | ||
| Q2 24 | $180.2M | $17.0M | ||
| Q1 24 | $-16.3M | $-13.0M |
| Q4 25 | 6.9% | -0.5% | ||
| Q3 25 | 7.8% | 4.3% | ||
| Q2 25 | 9.0% | -5.9% | ||
| Q1 25 | 3.2% | -0.5% | ||
| Q4 24 | 11.9% | 6.9% | ||
| Q3 24 | 7.5% | 4.8% | ||
| Q2 24 | 17.1% | 1.6% | ||
| Q1 24 | -1.7% | -1.2% |
| Q4 25 | 1.6% | 1.0% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.2% | 1.7% | ||
| Q1 25 | 0.9% | 1.3% | ||
| Q4 24 | 1.4% | 1.1% | ||
| Q3 24 | 1.1% | 1.1% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | 4.22× | — | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 1.95× | -0.70× | ||
| Q1 25 | 0.86× | 0.14× | ||
| Q4 24 | 11.17× | 2.00× | ||
| Q3 24 | 2.20× | 0.86× | ||
| Q2 24 | 3.15× | 0.81× | ||
| Q1 24 | -0.21× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
